HSBC Asset Management launches Islamic Global Infrastructure Equity Fund

11 September 2026 – HSBC Asset Management (“HSBC AM”) today announces the launch of the HSBC Global Funds ICAV II – Islamic Global Infrastructure Equity Fund (the “Fund”), a Shariah-compliant listed infrastructure equity strategy designed to help investors access long-term infrastructure growth themes through a liquid, actively managed portfolio.

The Fund invests in a concentrated, globally diversified portfolio of Shariah-compliant listed infrastructure companies across four key industry sectors: utilities, energy infrastructure, transportation and communications. It aims to give investors efficient access to long-term structural growth themes through the flexibility and liquidity of public markets.

While Shariah investing has grown rapidly, the evolution of portfolio construction has not always kept pace. Many Shariah-compliant portfolios remain concentrated in broad equity exposures, often with a pronounced tilt to technology. The Fund is designed to help address this by introducing an actively managed global listed infrastructure allocation – an asset class that has historically been underrepresented in Islamic portfolios – and provide an additional source of diversification away from typically technology-heavy Shariah equity benchmarks.

Shariah compliance is embedded throughout the investment process. The Fund applies Shariah screening and is overseen through a dedicated Shariah governance framework. Where applicable, any non-compliant income is addressed through an established purification approach.

The launch combines HSBC AM’s listed infrastructure investment capabilities with its established Islamic investing expertise, building on HSBC AM’s Global Infrastructure Equity strategy, launched in 2010, and pairing deep infrastructure specialism with long-standing experience in Shariah-compliant investing through its established Islamic fund range.

Giuseppe Corona, head of listed real assets at HSBC Asset Management, said: “Driven by rising client demand for more diversified Shariah-compliant building blocks, we’re pleased to bring an actively managed global listed infrastructure strategy to Shariah investors which is an asset class that has historically been underrepresented in Islamic portfolios based on client feedback.

“Listed infrastructure equities can be an important defensive building block, providing exposure to essential-service assets with resilient, predictable cashflows, the potential for attractive risk-adjusted and less correlated returns, and above-average income potential. While Shariah compliance reshapes the opportunity set, we believe Islamic infrastructure equities remain a compelling option for investors seeking infrastructure exposure within Shariah principles, supported by HSBC Asset Management’s deep listed infrastructure expertise, long-standing Shariah investment platform and robust governance.”

The Fund’s reference index is the FTSE Ideal Ratings Global Core Infrastructure 50/50 Islamic Index. The Fund will be registered and available to wholesale and institutional investors across multiple markets, including the UK, MENA and South East Asia, subject to applicable local regulatory requirements.

 

Notes to editors

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Notes to investors

The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. These share classes may be denominated in foreign currencies. Returns and costs may vary with fluctuations in exchange rates.

The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time.

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Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target.

The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.

HSBC Asset Management

HSBC Asset Management should be referred to either in full or as HSBC AM to avoid confusion with any other financial services firms.

HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 20 countries and territories, delivering global capabilities with local market insight. As at 30 June 2026, HSBC Asset Management managed assets totalling USD 928bn (excluding HSBC Jintrust Fund Management Company Limited) on behalf of its clients.

For more information see http://www.global.assetmanagement.hsbc.com/

HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of USD 3,438bn at 30 June 2026, HSBC is one of the world’s largest banking and financial services organisations.